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Self-Storage Costs & How to Best Store Your Stuff (Part I)

Self-storage is a booming enterprise in America for two basic reasons: 1) People have a hard time throwing things away, and 2) they have an even harder time finding places to store the things they’re not throwing away.</br></br>The self-storage industry raked in more than $24 billion in U.S. revenue in 2014, <a title="Self Storage Association" href="http://www.selfstorage.org/ssa/content/navigationmenu/aboutssa/factsheet/" target="_blank">according to the Self Storage Association</a>. That is an astonishing amount of money for a rental company that allows you to rent without a deposit and abandon your rental property at any time without a fee.</br></br><strong>Avoiding Never-Ending Storage Loops</strong></br></br>How does this business model make money?</br></br>That’s easy: It banks on the bet that you’re not going to have enough space to store all the stuff you don’t want to throw away, and that once they provide you with more space you’ll buy more stuff – that you won't want to throw away. And on, and on, and on …</br></br>You can prove them wrong by reevaluating the best storage spaces in your home, and the best ways to utilize those spaces.</br></br><strong>Organization vs. Storage Costs</strong></br></br>Let’s do the math.</br></br>A professional home organizer, like the ones you can <a title="Porch.com" href="https://porch.com/" target="_blank">find locally at Porch.com</a>, will cost anywhere from $200 to $500, depending on the size of your home and where it’s located.</br></br>By contrast, self-storage will cost $600 to $1,200 a year for the smallest-sized unit. Now, you might think that you’d never keep anything stored for a year, but surveys show that nearly half of all storage users <a title="The Economist" href="http://www.economist.com/node/21560602" target="_blank">keep their things in storage for three years or more</a>.</br></br>Of course, hiring a professional organizer isn’t your only option. There are a lot of things you can do to make more room for your stuff at home, and we’re going to look at a few of the best ways in Part II of the blog.
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